CNBC's Jackie DeAngelis discusses the day's activity in the commodities markets. Mixed bag in the commodities markets today. Oil was down on the day, even though geopolitics is likely to keep it high.» Read More
Frederic Neumann, Co-Head of Asian economics research, HSBC, discusses the dangers to Asia's financial situation, and what would happen in the event of a major bank failure in Europe.
Kevin Ferry, TheContrarianCorner.com, discusses how the markets will react to Greece and Italy, and what happens to the markets after the inevitable default.
The Fed begins a two-day meeting and the talk turns to Operation Twist, with CNBC's Steve Liesman & Joe Kernen, and Andrew Ross Sorkin, The New York Times. CNBC's Michelle Caruso-Cabrera reports on the downgrade of Italy's credit rating. Also, Washington Post columnist Neil Irwin discusses today's Fed meeting.
As his former colleagues at the International Monetary Fund gather this week, the scandal surrounding Dominique Strauss-Kahn will be a specter in the background.
"The whole issue of peripheral Europe and debt restructuring is a process. It¿s not going to be solved in one big bang and having covered emerging markets for many years this is nothing new," Sailesh Jha, head of Asia market strategy at SEB Bank Singapore told CNBC. "So we¿ll get several different processes taking place and the first one is September 29 and what the German parliament approves in terms of the ESFS facility and I think our core view is that it¿s going to be passed¿.and then we go to the next stage."
With the jobless rate in the United States holding steady at 9.1 percent and the market showing no signs of near-term recovery, many Americans are considering looking abroad to combat their unemployment problem at home.
Jim Cielinski, head of fixed income at Threadneedle, says there needs to be greater evidence of fiscal union in order to restore investor confidence.
Vasu Menon, VP, wealth management at OCBC Bank says Italy's lack of political willpower to execute austerity measures is the reason behind the recent downgrade.
As President Obama called on Congress today to adopt his “balanced” plan on entitlement cuts, tax increases and war savings to reduce the federal deficit. Former President Bill Clinton sat down with Maria Bartiromo today to discuss jobs, global economies ahead of his annual Clinton Global Initiative Meeting in New York.
It could almost make your head spin. With an economy on the front end of another recession, President Obama’s tax attack on the folks who are most likely to succeed, invest, start new businesses, and create jobs is nothing short of staggering. Only liberal-left class-warfare ideology can explain this.
CNBC's Sharon Epperson discusses the day's activity in the commodities markets and looks at where oil and precious metals are likely headed tomorrow.
Director of the OMB Jacob Lew and Treasury Secretary take questions from the media about the President's jobs plan as well as his just announced deficit-reduction plan.
Chairman Ben Bernanke changed this weeks Federal Reserve meeting from one day to two. He has to have a good reason, right? He said there is a lot to discuss, but there usually is. These guys are not without ego and want their say, and the Chair wants more time.
Over the 100 years from 1950 to 2050, this decade will be seen as the "inflection decade" as both the developed and emerging economies make radical changes to adapt to a more dominant Asia, Anil Gupta, professor of strategy at University of Maryland told CNBC Monday.
Frau Merkel lost another election. This time the one in the capital, in Berlin. That is, at least, the headline that tops most of the news on the outcome of this, the seventh regional election in Germany this year.
European governments will wait until the "last minute" to reach an agreement on the second Greece bailout, but will get there, Anil Gupta, professor of strategy at INSEAD, told CNBC.
Ministers are set to be told this autumn that a £12 billion ($18.8 billion) black hole has opened in the public finances, in a forecast that threatens to derail the coalition’s deficit reduction strategy and prolong austerity well into the next parliament, reported the FT.
A strike deadline came and went Sunday night for Southern California grocery workers, but no one was walking off the job just yet as negotiations with supermarket chains continued and looked like they could last into the night.
The former IMF chief admitted to a “moral failing” but denied he had sexually assaulted a New York hotel maid in a widely-anticipated interview on French television.
The president on Monday will call for a new minimum tax rate for individuals making more than $1 million a year that will replace the alternative minimum tax and ensure that the wealthy pay at least the same percentage of their earnings as middle-income taxpayers, the New York Times reports.